Free Trial

(H1)‌‌ Opens Gap With Key Resistance

US 10YR FUTURE TECHS
  • RES 4: 138-30 High Nov 5 and a key resistance
  • RES 3: 138-19+ High Nov 6
  • RES 2: 138-12 High Nov 9
  • RES 1: 138-08 High Nov 20 / 30, Dec 21 and a bull trigger
  • PRICE: 137-23 @ 15:49 GMT Dec 23
  • SUP 1: 137-19+ Low Dec 16 and key near-term support
  • SUP 2: 137-15 Low Dec 9
  • SUP 3: 137-07+ Low Dec 4 and a bear trigger
  • SUP 4: 137-05 76.4% retracement of the Nov 11 - 30 rally

Treasuries found resistance again Monday at 138-08, reinforcing the importance of this level as a key hurdle for bulls. The recent break of 137-31+, Dec 8 high suggests an improved outlook for bulls, although a gap opened with key resistance Wednesday. A breach of 138-08, Nov 20 / 30 and Dec 21 high, would represent an important technical break and highlight a reversal. This would open 138-12, Nov 9 high and beyond. Initial firm support lies at 137-19+.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.